Orex Minerals (CVE:REX) Stock Price Down 15.4% – Time to Sell?

Orex Minerals Inc. (CVE:REX) was down 15.4% during trading on Thursday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 142,500 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 70,064 shares. The stock had previously closed at C$0.26.

Orex Minerals Price Performance

The company’s 50 day moving average is C$0.21 and its 200 day moving average is C$0.16. The stock has a market cap of C$7.97 million, a price-to-earnings ratio of -2.00 and a beta of 1.67.

About Orex Minerals

Orex Minerals Inc, a mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It owns interests in the Coneto silver-gold project that covers an area of 16,346 hectares of mineral concessions located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains; the Sandra Escobar silver-gold project situated to the north of the town of Tepehuanes, Durango; and the Jumping Josephine gold project totalling 11,200 hectares located in the West Kootenay region of Southeastern The company also explores for lead and zinc.